{"id":28294,"date":"2025-05-23T13:16:52","date_gmt":"2025-05-23T13:16:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28294"},"modified":"2025-05-23T13:16:52","modified_gmt":"2025-05-23T13:16:52","slug":"hype-hits-new-all-time-high-as-hyperliquid-open-interest-surges-past-9b","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28294","title":{"rendered":"HYPE Hits New All-Time High as Hyperliquid Open Interest Surges Past $9B"},"content":{"rendered":"
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Hyperliquid\u2019s native HYPE token surged to a historic all-time high (ATH) of $367.24 (CoinGecko) on May 23, cementing its place among the most-watched digital assets in the market.<\/p>\n

The rally capped a week of explosive growth fueled by regulatory momentum, eye-popping whale activity, and a $9.37 billion open interest (OI) milestone showcasing the platform\u2019s growing dominance in decentralized derivatives trading.<\/p>\n

Regulatory Breakthrough Meets DeFi Ambition<\/h2>\n

At the time of this writing, HYPE was up 14.5% over the past 24 hours, rising from $30.78 to a new ATH of $35.35, and marking gains of 37.7% in the last seven days.<\/p>\n

In the past month alone, the token has skyrocketed 94%, and has registered even better numbers year-to-date, adding an impressive 868.7% to its price since hitting a low of $3.81 late last year.<\/p>\n

The pump comes against a backdrop of Bitcoin\u2019s own dramatic rise<\/a> to nearly $112,000, pushing its market cap above $2.2 trillion.<\/p>\n

At the heart of the HYPE uptick is Hyperliquid Lab\u2019s proactive regulatory engagement. On May 23, the team announced<\/a> it had submitted two formal comment letters to the U.S. Commodity Futures Trading Commission (CFTC), addressing perpetual derivatives and 24\/7 trading.<\/p>\n

Praising the agency\u2019s openness, Hyperliquid<\/a> advocated for decentralized finance (DeFi) frameworks as a path to market efficiency, integrity, and user protection.<\/p>\n

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\u201cSupporting defi in the U.S. with open dialogue and a clear regulatory framework is an opportunity to ensure the U.S. remains a leader in financial innovation while robustly protecting users,\u201d the team stated.<\/p>\n<\/blockquote>\n

It also positioned itself as a case study for how blockchain-based systems can improve market efficiency and user protection, a narrative that seems to have resonated with traders.<\/p>\n

Open Interest Hits All-Time High<\/h2>\n

Open interest across the protocol reflects this investor frenzy. Recent data<\/a> from the on-chain analytics platform CoinGlass revealed that active derivatives contracts had jumped to over $9.3 billion, shattering the previous record of $8 billion from just days ago.<\/p>\n

HYPE contracts alone drew $747 million in demand, only trailing Bitcoin\u2019s $4.06 billion and Ethereum\u2019s $1.21 billion. Trading volume was also high, with more than $492 million in HYPE trades recorded in the last 24 hours.<\/p>\n

However, the bullish momentum wasn\u2019t without casualties. According to blockchain tracker Spot On Chain, a whale, who initially bet<\/a> heavily against HYPE with a 5x leveraged short position worth $57 million, was forced to capitulate today, locking in a $23.5 million loss as prices soared.<\/p>\n

The post HYPE Hits New All-Time High as Hyperliquid Open Interest Surges Past $9B<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hyperliquid\u2019s native HYPE token surged to a historic all-time high (ATH) of $367.24 (CoinGecko) on May 23, cementing its place among the most-watched digital assets in the market. The rally capped a week of explosive growth fueled by regulatory momentum, eye-popping whale activity, and a $9.37 billion open interest (OI) milestone showcasing the platform\u2019s growing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28294","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28294"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28294\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}